Green Touch Builders | Abbey Residential buys rebranded Lakes at Inverness apartments for $58M
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February 9, 2015 By SEO Admin

Abbey Residential buys rebranded Lakes at Inverness apartments for $58M

One of Birmingham’s largest apartment communities has been sold.

The Abbey at Inverness, formerly Lakes at Inverness, was acquired by Birmingham-based Abbey Residential for $58 million, according to a source close to the transaction.

The 88-acre, 801-unit apartment community is composed of one-and-two-bedroom apartments and townhouses and is the second largest multifamily development in the BBJ’s 2014 Book of Lists.

J. Frank Barefield Jr., president of Abbey Residential, said the property has…